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Models of Capitalism and Income Distribution in Transition Economies: A Comparative Perspective

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  • Alexei Izyumov
  • Trista Claxon

Abstract

During the 1990s, all of the European transition economies (TE) experienced a major recession and suffered from the explosion of income inequality. However, distribution of income between labor and capital differed greatly from one group of post-communist countries to another. The paper discusses and analyzes linkages between models of capitalism that emerged in former communist countries in the 1990s and the outcome of capitalist transition for labor in terms of income distribution and inequality. It is based on the estimates of the Marxian rate of exploitation and other indicators of labor income performance during the reform period.

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  • Alexei Izyumov & Trista Claxon, 2009. "Models of Capitalism and Income Distribution in Transition Economies: A Comparative Perspective," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(3), pages 733-758.
    • Handle: RePEc:mes:jeciss:v:43:y:2009:i:3:p:733-758
    DOI: 10.2753/JEI0021-3624430308
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    Cited by:

    1. Sara ROSE & Crina VIJU, 2014. "Income inequality in post-communist Central and Eastern European countries," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5, pages 5-20, June.
    2. Alexei Izyumov & John Vahaly, 2015. "Income Shares Revisited," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(1), pages 179-188, March.
    3. Akbar, Yusaf H. & Kisilowski, Maciej, 2015. "Managerial agency, risk, and strategic posture: Nonmarket strategies in the transitional core and periphery," International Business Review, Elsevier, vol. 24(6), pages 984-996.

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